202004.03
1

Sales Tax Filing Guidelines for COVID-19 Pandemic

NATIONAL –  Due to the impact of the COVID-19 Virus on businesses, many states have had to implement new state tax filing guidelines for individual and business tax filers. New York state, which is currently under a Statewide Shelter in Place waived penalties for late filing, late payment, and underpayment penalties for business and excise…

202002.26
0

Navigating Sales in a Post-Wayfair Environment

Multistate – Almost two years after the Supreme Court’s Wayfair decision, most companies know by now that states can require remote sellers with no physical presence to collect sales tax. The taxability of specific items and sales tax exemptions vary by state, so many companies are struggling to determine which items to collect tax on and…

201903.04
0

Cracking the Sales Tax Code – Economic Nexus

The newly enacted economic nexus laws have businesses scrambling to figure out how the Wayfair vs. South Dakota supreme court decision applies to their transactions. Accordingly, Texas recently published, Texas Tax Responsibilities and Resources, to provide some guidance to remote-sellers. Below is an excerpt of the publication: “As part of our Wayfair implementation, amendments to Rule 3.286, concerning Seller’s…

201808.31
0

Texas Tax Exempt Organizations: Criteria and the Application Process.

TEXAS: Over the next few blogs we will take look at Sales to and Purchases by Tax-Exempt Organizations. For an organization to be granted exemption from paying state sales taxes, there are criteria that must be met. The parent organization must recognize the organization as a subordinate under the group exemption. The group exemption meets…

201805.23
0

FICPA Mega Conference in Orlando, Florida

Hear From DDH Tax Expert and Consultant Chanel Davis at FICPA Our partner, Chanel Christoff Davis, will be presenting a topic as a featured speaker at this year’s Florida Institute of Certified Public Accountants’ Mega CPE Conference. The session topic, “Multi-State Nexus and The Amazon Effect”, will address the current sales tax legal landscape. The…

201805.02
0

Texas: Streaming Services are now Taxable as Amusement and Cable TV

Texas – The Texas Comptroller of Public Accounts recently ruled that sales tax be applied to Internet-based subscription streaming services as cable television and amusement service. The law states that cable television is the distribution of video programming with or without the use of wires to customers or subscribers such as: On-demand video services or…

201802.07
0

Amazon Releasing Third Party Seller Info To Massachusetts Tax Officials

Massachusetts – In order for state officials to identify uncollected sales taxes, Amazon has agreed to give up the data for sellers doing business on their website. Initially, back in September, they had refused to hand over their data. Due to Amazon refusing to share the data, the state obtained a court order requiring Amazon…

201711.15
0

Repeal of SALT Deduction Not Fully Supported by House

National – The House Republicans’ Tax Cuts and Jobs Bill (HR1) is designed to eliminate the deduction for state and local income and sales taxes for individuals. However, there would be deductions allowed for Property Taxes, up to $10,000 annually. The SALT deductions for businesses will remain in place. The House Democrats have expressed their opposition…

201710.18
1

Davis & Davis LLC Serving The Community!

September 7, 2017, Davis & Davis LLC came together with donors and community partners for a Champagne Toast and Happy Hour to celebrate the success of our 7th annual suit drive. Thank you to GS Wealth Management, YES Symposium, and Palter Stokely Sims for hosting two additional drop-off locations for this year’s suit drive. Special…